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Development of stock market trend prediction system using multiple regression

Author

Listed:
  • Muhammad Zubair Asghar

    (Gomal University)

  • Fazal Rahman

    (Gomal University)

  • Fazal Masud Kundi

    (Gomal University)

  • Shakeel Ahmad

    (King Abdul Aziz University (KAU))

Abstract

The Stock market trend prediction is an efficient medium for investors, public companies and government to invest money by taking into account the profit and risk. The existing studies on the development of stock-based prediction systems rely on data acquired from social media sources (sentiment-based) and secondary data sources (financial-sites). However, the data acquired from such sources is usually sparse in nature. Moreover, the selection of predictor variables is also poor, which ultimately degrades the performance of prediction model. The problems associated with existing approaches can be overcome by proposing an effective prediction model with improved quality of input data and enhanced selection/inclusion of predictor variables. This work presents the results of stock prediction by applying a multiple regression model using R software. The results obtained show that the proposed system achieved a prediction accuracy of 95% on KSE 100-index dataset, 89% on Lucky Cement, 97% on Abbot Company dataset. Furthermore, user-friendly interface is provided to assist individuals and companies to invest or not in a specific stock.

Suggested Citation

  • Muhammad Zubair Asghar & Fazal Rahman & Fazal Masud Kundi & Shakeel Ahmad, 2019. "Development of stock market trend prediction system using multiple regression," Computational and Mathematical Organization Theory, Springer, vol. 25(3), pages 271-301, September.
    • Handle: RePEc:spr:comaot:v:25:y:2019:i:3:d:10.1007_s10588-019-09292-7
    DOI: 10.1007/s10588-019-09292-7
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    Cited by:

    1. Jaydip Sen & Sidra Mehtab, 2021. "Accurate Stock Price Forecasting Using Robust and Optimized Deep Learning Models," Papers 2103.15096, arXiv.org.
    2. Jaydip Sen & Sidra Mehtab, 2021. "Design and Analysis of Robust Deep Learning Models for Stock Price Prediction," Papers 2106.09664, arXiv.org.
    3. Chang, Chiu-Lan & Fang, Ming, 2022. "The connectedness between natural resource commodities and stock market indices: Evidence from the Chinese economy," Resources Policy, Elsevier, vol. 78(C).

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